The industry is highly capital-intensive, and so strong returns are critical to attracting low-cost
debt and equity capital. In fact, while many of the integrated companies have the cash flow and
financial wherewithal to fund capital spending internally, they frequently rely on external debt
and new equity capital, particularly to finance larger acquisitions and mergers. The industry has
also experienced rapidly growing needs for capital because of a number of different forces that
have driven many changes to the financing of the oil and gas industry for sometime now. Thus,
the combination of the capital-intensive nature of the industry and the large and varied risks
has resulted in financing innovations of a high order. This course, therefore, aims to provide
participants with the knowledge and skills, which finance managers use deploy in financing of oil
and gas operation and capital investment decisions.